Bitcoin has hit a new ATH, breaking $99,000 for the first time.
XRP and ADA skyrocketed 24% and 12.54% in the past 24 hours.
HBAR is up 94.13% while ALGO has surged 50.99% in the past week.
Bitcoin (BTC) hit the $99,000 price level for the first time, making a new all-time high and getting closer to the much-awaited $100,000 price level. This milestone fueled a surge in altcoins, with Cardano (ADA) and XRP leading the charge, alongside Stellar (XLM), Hedera (HBAR), Mantra (OM), and Algorand (ALGO). All of these altcoins posted significant gains in the past 24 hours as capital flowed into the broader cryptocurrency market.
According to a post on X (formerly Twitter) by blockchain analysis platform Santiment, the above-mentioned altcoins have witnessed significant growth in their market capitalization. Santiment noted that as long as Bitcoin maintains support at $95,000, the market will see profits from BTC flowing into altcoins.
The data from CoinMarketCap indicates that Bitcoin was trading at $98,969.69 at the time of writing, up 4.23% in the past 24 hours. Meanwhile, ADA capitalized on the bullish sentiment, surging 12.54% and approaching the $1 price lev…
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